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Search Results 0 to 33 of about 34 (some duplicates have been removed)
. really what the administration says is they support a long-term increase in the debt ceiling and the reason why the people of the united states have not heard of this controversy is because the normal course of business, constitutionally, is for the congress to consult with the treasury, the treasury to consult with the congress, the debt ceiling is raised in a manner that protects the general welfare of the american people. but now we have a proposal that is driven by polling and brinksmanship. this is not the way to run a country. i heard a comedian some years ago say what a great country, and we are a great country. i love america. the constitution emphasizes the greatness of this nation. but we don't play politics with something that is the ordinary course of business. spending cuts is a responsible way to govern, but it is to govern in a way that we sit at the table of reconciliation and we don't break the backs of seniors who relies on medicare and social security and veterans benefits. what we do is we sit at the table and we understand how to deal with the oncoming is
on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the ma
republicans in june, 2011, criticized the notion of a short-term debt ceiling increase as providing a lack of certainty. the majority leader said, i quote, we feel very strongly that one of the reasons we continue to see an ailing economy is that people have very little confidence, have very little senchity in terms of where we are headed, end of quote. and our ways and means chairman echoed that feeling only days later, saying about the prospect of a short-term debt ceiling increase, in quote, it does not give you certainty. this bill does not give certainty but uncertainty. the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that include both spending cuts and new revenue. we should proceed with that effort, not plunge into further uncertainty. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from smch recognized. mr. camp: i yield myself 15 seconds to say, standard and poor's downgraded
. this is a clean debt limit increase. we'll set the precedent for future debt ceiling extensions will have to have. by passing this bill, republican joint democrat to say we will not hold the full faith and credit of the united states hostage. we will pay the bills we have incurred. over the last two years, the bipartisan budget control act has been in love is in place of the congressional budget. so folks, please, every time you hear republicans talking about are not having passed a budget, understand it is not true. in fact, republicans voted on the budget control act. they hope this passÉ. it was a law. as senator murray announced today, this year the senate will return to regular order in the budget resolution to the senate floor. the house republicans had to add a gimmick or to today ago that i understand, we all understand the tea party plays a big part in what goes on in the house and they need a gimmick or two to get things done over there. but spare the metaclass another knockdown drag out fight, we are going to proceed to work on this legislation intended out of here as quickly as we ca
. this is the bill that passed a couple of hours ago increasing the debt ceiling through may 18. if house lawmakers don't pass a budget by april 15, they don't get paid, if senators don't pass a budget by april 15, they don't get paid, the money goes into escrow and to get the money when it passed the budget or when this congress and is, the end of 2014 into early 2015. they will not stand in the way of this three-month increase of the debt ceiling. they want a much longer increase. >> ideally we would extend, raise the debt ceiling for a long period of time so that this is not a question, the uncertainty surrounding as of late 20 political strategy house republicans have taken will be removed. >> the senate will take this bill up and pass the bill, so feebly the white house and the senate, it is a done deal. now, and the senate and the house putting a budget together. john boehner said his budget republicans will release shortly will balance the budget in 10 years. david: rich edson, one of the best reporters i know in washington. we are awaiting the numbers on apple. the stock is about 30% off of
, they are prolonging and other debt ceiling showdown instead of a long-term extension. this continues and increases the economic uncertainty. our nation's economic wounds from 18 months ago are simply too fresh to ignore. august 2011 was the single worst month for job creation in the last three years. the dow jones slumped 2000 points in july and august of 2011, including one of its worst single-day drops in history. tumbling 635 points on aug.. the treasury was forced to spend $1.30 billion more in interest payments according to gao. the higher cost will be almost $19 billion over the next decade. of course, who could forget the u.s. credit rating was downgraded for the first time in our history? one senior director said shortly after the credit agency downgraded the rating, that the stability and effectiveness of american political institutions or undermined by the fact, "the people in the political arena were even talking about a potential default." "the washington post" stated, "in 2011, the debt ceiling dispute traumatized the economy." a senior economist was one of the many economists who has
strategy. they say they believe they have the votes to pass a short term debt ceiling increase today and seek deep intending cuts later. their plan was to spend the $16.4 trillion debt limit to allow the u.s. to keep borrowing money to pay its bills for another three months, then increase the legal limit to that new debt level. confusing but important politically. in exchange they're calling on the senate to pass a budget by spring. >> rimportant chess move in the debt talks. exit polls from tuesday's election in israel show netanyahu will almost certainly hold on to his job. the surprising surge of a new centrist party has weakened netanyahu's power, but could ease strained relations with the u.s. and signal a good sign for more flexibility for peace efforts. >> so much closer than anyone thought. >>> a candid look at mental illness in a very famous family. mayor yell he called running from crazy. more from her and her documentary coming up. [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more
debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. this is not going to be the end to all the spending problems. dagen: what concessions to think the the republicans can't get in terms of cutting? taking on entitlements in any way shape or form. >> when the democrats do that, they put themselves at risk. it is a country issue, it is not a partisan issue, to be honest. if they do that, they risk really losing a lot in 2014. dagen: you say it is a country issue. to that point, it looks like this country really does not want to do anything about it. when this payroll tax expires, people are
the president frequently comments on. second, the congress can increase the debt ceiling. raising it substantial and doing nothing else could sustain irresponsible with no end in sight. to be sure the date of onset of consequences are uncertain which makes this course so unappealing. the federal government's debt trajectory is dangerous, dangerous to our economy, dangerous to our future as a nation. surely, that at least, we can all agree on. it means that all of the resources will be crowded out making less resources available for other priorities. americans generally are willing to pay taxes but they expect services in return. servicing the government's debt is not what they have in mind. it also means that saving, that would be available for productive vesm in the private sector is captured by the government. soaring public debt means that when interest rates begin to rise they will rise faster and farther. the consequences of the interest rates will be the most terrible of them all, for businesses and the economy and then there won't be anything that congress can do to stop them. they shoul
there are varying degrees, certainly this is at the top of the list. it is always that way. >> the debt ceiling has been increased since the '60s by i think -- i think 80 times, including 18 times over ronald reagan's tenure. the only time we had this kind of chaos over the debt ceiling was in 2011, the last time we ran up against this. >> time out for a second. we have never had this kind of series of unsustainable budget deficits that threaten the future -- >> not true. >> okay, world war ii. >> aside from that. >> in relative peace time we never had this type of threat to the united states of america. >> so i disagree. >> you can disagree, that is fine, let me finish. we have to act, i would love to act in a more accommodating way. but we have a president who doesn't seem to care about deficits and debt. he will mouth piece. >> you're in a good place. >> i have -- >> i have seen this gentleman in the white house act as he has acted now for four years, and he could have done a lot of things concerning the deficit, the debt, he controlled the united states house -- >> we don't have much time. >> h
months, giving the president the debt ceiling increase that he wanted till may. the house passed the measure by 285-144 vote and it's a bipartisan showing on an initiative brought fourth by the republicans to control that chamber, days after president obama gave an inaugural speech at that seemed to carry some pointed attacks directored at the republican party. here are excerpts of that. >> we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. we do not believe that in this country freedom is reserved for the lucky. or happiness for the few. the commitments we made to each other, through medicare, medicaid and social security. these things do not sap our initiative. they strengthen us. [applaus [applause]. they do not make us a nation of takers, they free us to take the risks that make this country great. we, the people, still believe that enduring security and lasting peace do not require perpetual war. we cannot mistake absolutism for principles or substitute spectacle
to the constituency. if they wanted to make sure that i would vote for this debt ceiling increase. they could atacht rains act to it. which my predecessor got passed through the house. but stick that and send to the senate and say it's a reasonable proposal. it's going help the economy. >> we need wrap up. we can take a couple of more questions. >> following on that. -- from the house and senate this spring. will you seek out the funding of planned parenthood. >> that will will be in the appropriations process. there have been two bills introdisused by the house and there's an effort to -- mike the governor of indiana and so there will be an't cod effort. you would think out of 3.7 trillion budget we could find somewhere to cut and certainly that's one good place to start. >> if any finalized budget will you support it or vote against it. with the budget there's two things going on. one is the budget doesn't specify much of anything other than numbers on the page. then we go through various appropriations bills. the problem we had is appropriations bill haven't come out of the committee and haven't
the debt ceiling increase. just as it would be to raise the debt ceiling without any meaningful cuts, just as senator phil graham got back in 1985 i believe it was, with graham-rudman -- graham rudman and so many of the debt increases that accompanied that was part of the deal with restrictions on spending. there are so many things going on in the world today that are just staggering. we know we have secretary of state, hillary clinton, testifying today. one report here today says that secretary clinton quickly interrupted one senator that contradict him and stress that she did not see request for additional security to protect the benghazi mission. extremely unfortunate. that people in our state department committed to helping to this country would make cries for help over a period of months, over a period of years, even going back to when ambassador rice was with the state department, and people were killed an american embassy request had been made for extra security that went unheeded. here it came again and apparently there were a number of people that made requests, including one of t
. there are no spending cuts as part of this. there are a number of republicans who want to increase the debt ceiling only at the congress passes a corresponding number of spending cuts. we have to watch this very closely and make sure it does reach that threshold. it is not necessarily 218. if everyone votes, it will be. if it does pass into the senate, harry reid says they will take it up and they will likely pass it as well. you have to get through this first. we will update you when and if we get there. melissa: another short-term solution. thank you so much. what did the administration know and when? hillary clinton in the hot seat today over the benghazi attack. lou dobbs will weigh in on that. lori: a mixed picture. we are back after this. ♪ >> at 21 minutes past the hour, i am patty and brown with your fox news minute. then yahoo! called early elections three months ago expecting and easy victory. the leader must now build a coalition after a strong showing by a new party. he is expected to keep his job. much of the u.s. experiencing the coldest temperature and two years. four deaths are blamed
should do what darrel isa would require a $1.7 trillion increase in the debt ceiling. darell should be candid in passing the ryan budget. >> in terms of wall street. the first vote is tomorrow. it is a vote to extend or increase the borrowing limit. but that is an action that wall street will look at in the house. first of all, you are right. and wall trestreet wants us to the fiscal progress. but, to mr. welch's point american families don't wait ten years to balance their budget. they don't call that extreme they go, that takes too long. we have to let them know that it is going to be a challenge to get to a ten year plan but we can do it if we work together. that is the message coming from congress right now. let's work together because if we don't i have little kids, my kid rz going to pay for this debt. they are the victims of this policy. >> i'm agrees with it. but americans pay their bills. they don't threaten to buy a freezer to stiff the payment because they are over the limit. >> that is what we are doing right now. >> before we get to the next generation and the generatio
is not enough to get them to vote for the debt ceiling increase. host: seth, thanks for joining us. guest: thank you. host: we will be watching that vote today. our question is what is your advice to republicans as they enter the second obama administration. first let's look at a time line in the washington post. what the vote sets the stage for. unless congress acts, they will hit the debt limit in its very to late february according to estimates by groups like the bipartisan policy center. william is on our democratic line in texas. what is your advice to republicans? caller: to extend the national data for five years and stop playing party games with the country. if it goes bankrupt, the money overseas, my money, i'm not getting any interest on my money now. it,it's a bankrupt everybody goes,-- the banks, our country, and the world. and we will be back living on the streets like people do in india and in china. that is liberty and freedom, but we don't do that in america. host: that is the democratic perspective. now let's go to a republican in california. caller: good morning, libya. -- libb
: the white house says president obama won't "stand in the way" of the short-term increase in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the s
their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't exist the last time the senate passed a budget. >> the last time they passed a budget the ipad hadn't even been introduced. >> it is expected a block of conservatives probably will not su
to be perfectly clear. for example, my hope is when they want to do another gimmicky kind of increase in the debt ceiling, just three months, and if a budget doesn't pass, then members of congress can't get any pay, their pay is held up, i think that we ought to ask them, then, to put up all the votes, i mean enough votes to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer
really hit the limit. the president has asked for a very large increase in the debt ceiling, and some in the administration have called for no limit at all. others in the administration and in the house are calling for congress to give up its authority to set the debt limit, rather amazing, thus giving the executive branch unilateral authority to borrow. this is not a good idea. if the federal government does not collect enough revenue to pay for all of its spending obligations, it must borrow to make up the shortfall. everybody knows that. we are borrowing about now 42 cents of every dollar we are obligated to spend. now, this is clearly, i think everybody would agree on either side of the aisle and the public, this is an unsustainable situation which will only get worse if we do not begin meaningful discussions over our spending priorities, including, including entitlement spending to strengthen and preserve those programs for future generations. the national debt is growing. everybody has seen that chart. about $16.4 trillion. the total public debt outstanding at the end of the thi
through a short-term increase in the national debt ceiling. late today it was widely reported that the pentagon has cleared general john allen, top u.s. commander in afghanistan for sending improper emails to a tampa socialite. >> ifill: and before we go, an update on our reporting online. in today's "ask larry" column, how same-sex marriage could potentially impact social security benefits. that's on making sense. also, there is advice on how to secure that job offer in our weekly column "ask the headhunter." and tonight's edition of "frontline" investigates why some wall street executives have escaped prosecution for fraud tied to the sale of bad mortgages. "the untouchables" airs on most pbs stations. find a link to "frontline" and much more on our web site, newshour.pbs.org. >> brown: and that's the newshour for tonight. on wednesday, we'll talk with the first openly gay member of the u.s. senate, wisconsin's tammy baldwin. i'm jeffrey brown. >> ifill: and i'm gwen ifill. we'll see you online, and again here tomorrow evening. thank you, and good night. >> major funding for
the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven ameri
that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from senate democrats who said this was a victory, the house is now setting a precedent. they're stepping away from the idea that raising the debt ceiling must be accompanied by spending cuts. they're decoupling that which is what the white house and democrats argue what should be done. people on the house side says this forces the hand of the senate. each side is trying to spin this as a victory. certainly the thinking is that at least one of the things that the president said he wanted to do, which is set aside the rest of these fiscal debates and break them apart in the idea of raising the debt ceiling. depends who you ask, martin. >> after the debt ceiling, dairy ask what's sneks is there another potential crisis waiting in the wings? >> reporter: it seems like there's always a crisis. >> it does. >> reporter: we still have the seq
the republicans are giving up on their demand as a debt limit increase go hand in hand with spending cuts. >> as the speaker said our conference will look to vote on the measure tomorrow. that will temporarily extend the debt ceiling. it's about time we come together, do our work. the american people expect no less. >> as i said, the bill still has to overcome some concerns expressed by members of the house and the senate before it can pass both chambers and reach the president's desk. if it does and reaches the president's desk, he would not stand in the way of the bill's becoming law. >> a republican sponsored debt limit measure requires both the house and the senate to pass a budget bill by april. >>> the u.s. military commander in afghanistan has been cleared of allegations of misconduct. general john allen was accused of sending inappropriate e-mails to a civilian in florida. jill kelley was her name. a complaint by kelley exposed the sex scandal that forced cia director general petraeus to resign. kelley and her husband wrote in "the washington post" they were
there should be no long term increase in the debt limit until there's a long term plan to deal with the fiscal crisis that faces our country. >> ifill: today, the house opted for short term, temporarily lifting the debt ceiling until may 19, then resetting the cap to cover any borrowing over the current limit-- $16.4 trillion. and for now, republicans will not force immediate spending cuts. the party's new strategy would achieve that goal by forcing congress to pass a budget. house budget committee chair-- and last year's vice presidential nominee-- paul ryan. >> here's the point, we have a law, it's called the budget act, it requires that congress passes a budget by april 15. all we're saying is, "congress, follow the law, do your work, budget. and the reason for this extension is so we can have the debate we need to have." >> ifill: as added incentive, the house bill says, if there is no budget, then lawmakers won't get paid. after it passed today by a bipartisan vote of 285 to 144, speaker boehner said he's optimistic that will happen. >> if both chambers have a budget. democrat budget from
Search Results 0 to 33 of about 34 (some duplicates have been removed)